ChargePanel AB (publ) continues to expand in the British market

ChargePanel AB (publ) (the “Company”) and Bumblebee EV Limited (“Bumblebee”) can today announce that they have entered a collaboration for charging electric vehicles on the British market, initially regarding approximately 200 charging points, with the intention of immediate implementation. Bumblebee has today an existing network of charging stations with almost 4,500 installed charging points. The ambition is to continue to connect the entire network to ChargePanel’s platform.

Bumblebee is a British company with one of the UK’s largest and fastest growing networks of charge point installers. Bumblebee’s charging network covers both charging in public, at workplaces and charging at home. ChargePanel Enterprise, which is the subscription service to which the cooperation agreement with Bumblebee refers, is ChargePanel’s SaaS platform that enables the control and management of charging infrastructure for electric vehicles and provides charging services to electric vehicle drivers.

The UK government plans to support the expansion of the UK’s charging network with £1.6 billion to reach 300,000 charging points by the year 20301. Revenue from electric car charging alone is expected to rise to around £7 billion in the UK and £43 billion in Europe by 2030. This is a sevenfold increase from 2021 with a CAGR2 of around 25%3.

Bumblebee is an exciting company that is already one of the UK’s largest suppliers of charging infrastructure and is growing strongly. ChargePanel’s platform shows once again that it is competitive and can optimally complement comprehensive solutions like Bumblebee’s. The collaboration represents an important step in our ambitions to grow in the British market, where there is great potential for further growth in the future. This agreement is proving that our service stands strong in the market, while also being a further step in our expansion plan and growth journey.” – Jan Berggren, CEO ChargePanel AB (publ)

“As one of the UK’s leading providers of EV charging infrastructure we recognise the value in being able to offer a robust, economical, and efficient management solution aimed at all areas of EV charging. In line with our growth plans we are partnering with ChargePanel to bring an exciting new product to the home, workplace, and public charging space – this partnership brings Bumblebee one step closer to becoming a full end to end e-mobility provider.” – Stewart Yardley, Director, Bumblebee EV Limited

About Bumblebee EV Limited

Bumblebee is one of the UK’s largest charging station operators. Bumblebee has a growing network of charge point installers with nearly 4,500 installed charging points in the country. The company’s ambition is to be a comprehensive supplier of e-mobility solutions by offering solutions for charging in public, at work, and at home.

About ChargePanel AB (publ)
ChargePanel (Stockholm, Sweden)
www.chargepanel.com

ChargePanel AB (publ.) is a GreenTech company that offers B2B solutions within e-Mobility. The company is listed on Nasdaq First North Growth Market and the company’s Certified Adviser is Eminova Fondkommision.

The company has its entire focus on good customer relations and the development of innovative systems, applications, and technologies. ChargePanel provides customers with a white-label SaaS platform for the operation and management of a charging network, regardless of geographic market. The platform gives the electric vehicle driver access to a user-friendly app for charging and is independent of both electricity companies and manufacturers of charging infrastructure. The company’s strategy is both sustainability and customer centric. Smarter electric vehicle charging through ChargePanel’s platform facilitates the transition from fossil-fueled vehicles to electric vehicles for both private individuals and companies. This is in line with the climate goals of most countries and regions, and the incentives for electric vehicles will increase sharply in the future. ChargePanel AB (publ), headquartered in Stockholm, is now planning an expansion both nationally and internationally. The company already has several international collaborations, for example in the United Kingdom and Norway.

Contacts

Jan Berggren, CEO
[email protected]
+46 706 24 38 38

Stewart Yardley, Director
[email protected]

 

1 UK Government

2 Compound Annual Growth Rate (CAGR) measures the average annual growth rate and the return on an investment over a certain period of time.

3 Arthur D Little